Exhibit 99.1

GIGCAPITAL INC.

BALANCE SHEET

 

     As of
December 12,
2017
    Pro Forma
Adjustments
    Pro Forma As
Adjusted
 
           (unaudited)     (unaudited)  

ASSETS

      

Current assets

      

Cash

   $ 2,348,323     $ —       $ 2,348,323  

Restricted cash

     71,640       (71,640     —    
  

 

 

   

 

 

   

 

 

 

Total current assets

     2,419,963       (71,640     2,348,323  

Cash held in Trust Account

     125,000,000       18,750,000       143,750,000  
  

 

 

   

 

 

   

 

 

 

TOTAL ASSETS

   $ 127,419,963     $ 18,678,360     $ 146,098,323  
  

 

 

   

 

 

   

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

      

Current liabilities

      

Accounts payable

   $ 359,286     $ —       $ 359,286  

Accrued liabilities

     77,000       —         77,000  

Other current liabilities

     71,640       (71,640     —    

Promissory note to related party

     50,536       —         50,536  
  

 

 

   

 

 

   

 

 

 

Total current liabilities

     558,462       (71,640     486,822  
  

 

 

   

 

 

   

 

 

 

Commitments

      

Common stock subject to possible redemption, 12,483,740 shares and 14,367,496 shares as adjusted at a redemption value of $10.00 per share

     121,861,495       18,750,000       140,611,495  
  

 

 

   

 

 

   

 

 

 

Stockholders’ equity

      

Preferred stock, par value of $0.0001 per share; 1,000,000 shares authorized; none issued or outstanding

     —         —         —    

Common stock, par value of $0.0001 per share; 100,000,000 shares authorized; 4,099,510 shares and 4,099,510 shares as adjusted issued and outstanding

     410       —         410  

Additional paid-in capital

     5,082,190       —         5,082,190  

Accumulated deficit

     (82,594     —         (82,594 )
  

 

 

   

 

 

   

 

 

 

Total stockholders’ equity

     5,000,006       —         5,000,006  
  

 

 

   

 

 

   

 

 

 

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

   $ 127,419,963     $ 18,678,360     $ 146,098,323